Candor India Private Limited
About Candor India Private Limited
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Candor India Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 19 November 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72400MH2007PTC175989. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹5.8 Lakh. It is led by directors Madhu Vishnuprasad Garg and Sindoor Vineet Mittal.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ground Floor Siddhi Bldg 15th Road Khar West, Mumbai, Maharashtra, India – 400052.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.11 Lakh, a decline of 9% compared to the previous year. For the same year it recorded a net loss of ₹35.19 Lakh and EBITDA of -₹24.59 Lakh (EBITDA margin -480.9%). Revenue has grown at a compounded annual rate (CAGR) of 70% over three years and 58% over five years.
Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Candor India Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressGround Floor Siddhi Bldg 15th Road Khar West, Mumbai, Maharashtra, India – 400052
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Candor India Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Financials of Candor India Private Limited
FY 2025 filings availableCandor India Private Limited reported revenue of ₹5.11 Lakh (down 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 9% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 58%. EBITDA rose 18% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹24.59 Lakh | ||||
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| Net Profit (PAT) | -₹35.19 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | -480.9% | ||||
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To see the full financial statements and ratios of Candor India Private Limited, buy the company report.
Board of directors of Candor India Private Limited
Candor India has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Madhu Vishnuprasad Garg | Director | 19 Nov 2007 | 18 Years 11 Months | Current |
| Sindoor Vineet Mittal | Director | 01 Jun 2009 | 17 Years 4 Months | Current |
Peer comparison
Candor India Private Limited is compared with the 10 companies closest to it by revenue in the Information Technology industry (Application Development), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Stimulusempresa Private Limited | ₹5.17 Lakh (FY 2021) | 128141.0% | Bengaluru, Karnataka, India | |||
| Shakuniya Solutions Private Limited | ₹5.16 Lakh (FY 2024) | 2482.0% | Chennai, Tamil Nadu, India | |||
| Neural Developers Private Limited | ₹5.15 Lakh (FY 2025) | -60.0% | New Delhi, Delhi, India | |||
| Appsinai Private Limited | ₹5.14 Lakh (FY 2024) | 19.0% | Coimbatore, Tamil Nadu, India | |||
| Eeshana Solutions Private Limited | ₹5.14 Lakh (FY 2021) | -39.0% | Pune, Maharashtra, India | |||
| Candor India Private Limitedthis company | ₹5.11 Lakh (FY 2025) | -₹35.19 Lakh | -9.0% | Mumbai, Maharashtra, India | ||
| Arohana Technologies Private Limited | ₹5.11 Lakh (FY 2024) | Mumbai, Maharashtra, India | ||||
| Crunchleads Solutions Private Limited | ₹5.08 Lakh (FY 2024) | -1.0% | Chennai, Tamil Nadu, India | |||
| Accxchange Transactions Worldwide Private Limited | ₹5.08 Lakh (FY 2025) | 10.0% | Bhilwara, Rajasthan, India | |||
| Instart Logic India Private Limited | ₹5.05 Lakh (FY 2021) | -100.0% | Bangalore, Karnataka, India | |||
| Black Pepper Info Services Private Limited | ₹5.04 Lakh (FY 2025) | -8.0% | New Delhi, Delhi, India |
To see the full peer comparison of Candor India Private Limited, buy the company report.
Auditor
Candor India Private Limited is audited by KAILASH CHAND JAIN & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KAILASH CHAND JAIN & CO | FY 2018 | 112318W |
Shareholding
The shareholding of Candor India Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Candor India Private Limited, buy the company report.
Legal cases
Candor India Private Limited has 4 court cases on record: 1 filed by Candor India, 3 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 3 | 0 |
| District courts | 1 | 0 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Appeal | Filed by the company against The Union of India Through the Development Commissioner | Pending |
| Bombay High Court | Tax appeal | Filed against the company by The PR. Commissioner Ofincome Tax-9 | Disposed |
| Bombay High Court | Tax appeal | Filed against the company by PR. Commissioner of Income Tax-9 | Disposed |
| Bombay High Court | Tax appeal | Filed against the company by Principal Commissioner of Income Tax-9 | Disposed |
To see the full case history of Candor India Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Candor India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Candor India has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Candor India Private Limited, buy the company report.
Recent activity
Candor India Private Limited has 3 board changes on record since 2007: 2 appointments and 1 cessation. The latest: Suman Jay Shankar Shukla ceased to be Director on 10 Feb 2010.
Frequently asked questions
Candor India is an active private limited company based in Mumbai, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 19 November 2007 (19+ years old) and is registered under CIN U72400MH2007PTC175989.
Candor India has 2 current directors:
- Madhu Vishnuprasad Garg - Director
- Sindoor Vineet Mittal - Director
The latest financial statements of Candor India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
No. Candor India has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Candor India is U72400MH2007PTC175989. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Candor India has 4 court cases on record: 1 filed by the company and 3 filed against it. 1 is pending. Most are in the high courts.
Candor India was incorporated on 19 November 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Candor India by revenue are Stimulusempresa Private Limited, Shakuniya Solutions Private Limited, Neural Developers Private Limited, Appsinai Private Limited, Eeshana Solutions Private Limited and 5 more, all in the Information Technology industry (Application Development).
Suman Jay Shankar Shukla ceased to be Director on 10 Feb 2010. Sindoor Vineet Mittal was appointed as Director on 01 Jun 2009. Madhu Vishnuprasad Garg was appointed as Director on 19 Nov 2007.
The registered office of Candor India is at Ground Floor Siddhi Bldg 15th Road Khar West, Mumbai, Maharashtra, India – 400052.
Candor India operates in the information technology industry, in the IT consulting and support services segment.